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SpectraA Technology Solutions SME IPO Review

SpectraA Technology Solutions SME IPO has been reviewed by 2 analysts, and the overall consensus is Apply — carrying a score of 80. Out of the 2 analysts who have covered this IPO, 1 recommend subscribing while 1 advises caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹112-118 per share, with a minimum application size of 1200 shares (minimum investment of approximately ₹141,600 at the upper band). Subscription ran from 17 Sep 2026 to 21 Sep 2026. The issue size is ₹43 crore, a mix of fresh issue and offer for sale. As of now, the grey market premium (GMP) for SpectraA Technology Solutions SME IPO is quoting at ₹81 (68.64%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
80/ 100
Apply 1 of 2 recommend subscribing
How analysts voted
Apply 1
May apply 1

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

SpectraA Technology Solutions runs a project-based technology business. On the note's figures, FY26 revenue rose 34.58 percent to about ₹101 crore while profit more than doubled to roughly ₹11.6 crore, lifting PAT margin from 6.54 to 11.42 percent. Coverage is thin at a single note, which said subscribe.

Listing gains

The note values the issue at about 13.63 times post-issue earnings and 4.80 times book at the ₹118 upper band, calling that reasonable on earnings though a premium on book. With one source and no consensus to weigh it against, there is a limited basis for a listing view.

Short-term strategy

Revenue had fallen for two straight years, from ₹103.49 crore in FY23 to ₹75.53 crore in FY25, before the FY26 rebound the note describes. Profit grew far faster than revenue, widening margins. The note flags a capital-intensive project business with extended collection cycles as the main near-term watch point.

Long-term strategy

Customer concentration is moderate by SME standards and improving, with the top customer at 15.01 percent of FY26 revenue and the top ten at 65.60 percent, down from 72.37 percent in FY24. The long-term case depends on converting project wins into steady collections, given the capital intensity the note describes.

How this is written: an AI-assisted summary of the 2 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

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Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Analyst Verdict Report
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May Apply PDF

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How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for SpectraA Technology Solutions SME IPO?

The analyst consensus for SpectraA Technology Solutions SME IPO tracked on this page is Apply, with a score of 80/100. Out of 2 analysts who have reviewed this IPO, 1 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 80 mean for SpectraA Technology Solutions SME IPO?

The score of 80 is an aggregate of all analyst ratings tracked for SpectraA Technology Solutions SME IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of SpectraA Technology Solutions SME IPO?

SpectraA Technology Solutions SME IPO listed on September 24, 2026 at ₹224.2, against the issue price of ₹118 — a gain of +90% (₹106.2 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of SpectraA Technology Solutions SME IPO?

SpectraA Technology Solutions SME IPO was priced at ₹112-118 per share. The minimum lot size is 1200 shares, making the minimum investment approximately ₹141,600 at the upper end of the price band. Subscription ran from 17 Sep 2026 to 21 Sep 2026.

Explore SpectraA Technology Solutions SME IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

SpectraA Technology Solutions SME IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Apply
Score
80 / 100
Listed at
₹224.2
Full IPO details
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